Of course buying HUDs is an option but be choosy because you may find a GREAT house in a not so great area.BANK and ESPECIALLY local Credit Union foreclosures are a dream, as owner occupied you can negotiate repairs, new wood flooring, HVAC units can be installed and cost added to the purchase price banks will add New Appliance packages and even BLINDS for all the windows.  

During this time I've also been managing a property of a friend through airbnb and have liked the process and want to start on my own, now that I also need to have a place to live in.My question is, with 10K in the Miami area, can you buy or at least use one of the next options as a way to start: sign a contract of a rent-to-own with a lease optionseller financing or I've even heard that you can also buy a property with not a lot of money in foreclosureIs one of these a way to start with 10K cash and no credit built?

Hello, I am looking to acquire additional long term rental assets but am running into issues finding a lender that will fund me due to the fact that I had a foreclosure 4-1/2 years ago.750 credit scoreGood incomePlenty in reservesLooking to acquire properties 180k and below with 20-30% down but haven't been able to find lending.Any suggestions?

You do this so that it lowers your monthly payments and allows you to improve cash flow on the property.

@John Lee Look into Kinecta Credit Union who are based in Orange County and LA County.

Within 12 months, I improved my credit score, got approved for a VA loan, and bought my first duplex!

If you need a 65 to 70 LTV that will also hurt your pockets. 5+ units in the bay It's is NOT for the timid or people with modest incomes unless you have access to a LOT of cheap credit. 

Also, which route is best to take to start out in real estate investing if I have $70,000 of my own money and credit score is 705.

You may not get landlording experience but you'll get maintenance, financing, and paperwork experience.I think the discussion points in your head and with them are around what kind of improvements they would need or desire (if you have to make it elderly accessible that could be a selling point for the next tenants, but what if they want something that will cause you more upkeep in the future?)

So I am looking at alternatives for people who have money buy so so credit.